China Yuchai International Limited (NYSE:CYD - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $18.71 and traded as high as $29.00. China Yuchai International shares last traded at $28.34, with a volume of 445,026 shares traded.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded China Yuchai International from a "hold" rating to a "strong-buy" rating in a report on Saturday.
Check Out Our Latest Analysis on CYD
China Yuchai International Stock Performance
The company has a market cap of $1.08 billion, a P/E ratio of 17.82 and a beta of 1.07. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $23.67 and a two-hundred day moving average price of $19.08.
China Yuchai International Increases Dividend
The company also recently announced an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were paid a dividend of $0.53 per share. This represents a dividend yield of 430.0%. This is an increase from China Yuchai International's previous annual dividend of $0.38. The ex-dividend date was Wednesday, June 25th. China Yuchai International's dividend payout ratio is 32.72%.
Hedge Funds Weigh In On China Yuchai International
Large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new position in China Yuchai International during the 2nd quarter worth $48,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of China Yuchai International in the second quarter worth $144,000. E Fund Management Co. Ltd. bought a new position in shares of China Yuchai International in the second quarter worth $206,000. Trexquant Investment LP bought a new stake in China Yuchai International during the first quarter worth about $258,000. Finally, Bank of America Corp DE bought a new stake in China Yuchai International during the second quarter worth about $384,000.
China Yuchai International Company Profile
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China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.
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